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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: jackie who wrote (339)	12/24/2000 7:52:27 PM
From: rajaggs	Read Replies (1) \| Respond to of 350

There are great dangers in consensus, especially when arriving at that consensus involves averaging away from unpalatable truths. It is clear to anyone looking at the data sheets available at EIA that the predictions of 20 year growth in demand for oil and gas are horribly out of touch with reality. The growth predicted doesn't even meet the population growth, never mind the increasing per capita demands of Americans, for energy in all forms. What can be done; Get realistic data information, an information gathering system and make apolitical assessments of energy demand for the next 10 years at least. Develop the skeleton of a national energy policy at present and refine that as information becomes available. Get out the carrot and the stick for application in furtherance of energy efficient solutions, to states, utilities, consumers and manufacturers. Use the carrot only once.! This is not a flash-in-the-pan energy crisis, that will revert to normal once some Hussein or Khaddafi gets put back in place. It is here to stay and requires a national level policy supported by the states, utilities and industries that consume large amounts of NG and oil. If they are not going to conform or they choose to be evasive or non-compliant then the stick must be brought into play, or it could spell the end of the present prosperity in the USA for many years to come. Europeans have learned to live with lower consumption of energy for many years and the time has come for Americans (and Canadians) to do the same. For if they try not to then it'll be a long dark cold winter for our grandchildren. 'jaggs